MagicLoan is an online micro-loan company that provides fast and convenient services for its users in India.

The entire process of applying for a loan and receiving the money is done online. The user is required to submit their basic information, income, and assets to us, and the amount of the loan is immediately credited into their bank account. The loan amount ranges from Rs 3,000 to Rs 30,000. The interest rate is 16% per annum, and the tenure is from 91 to 365 days.

Our business is regulated by the RBI and is responsible for the loans and investments that it makes. We have been in the business of providing micro-loans for more than 30,000 users in India.